Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2021

Preferred Stock

Preferred Stock

Selected information about Dominion Energy’s 2019 Equity Units is presented below:

Issuance Date	Units Issued	Total Net Proceeds(1)		Total Preferred Stock(2)		Cumulative Dividend Rate			Stock Purchase Contract Annual Rate			Stock Purchase Contract Liability(3)		Stock Purchase Contract Settlement Date
(millions except interest rates)
6/14/2019	16	$	1,582	$	1,610		1.75	%		5.5	%	$	250	6/1/2022

(1) Issuance costs of $28 million were recorded as a reduction to preferred stock ($14 million) and common stock ($14 million). In connection with the reclassification of the Series A Preferred Stock to mezzanine equity in 2021, the issuance costs originally recognized as a reduction to preferred stock were reclassified to common stock.

(2) Dominion Energy recorded dividends of $28 million ($17.50 per share), $28 million ($17.50 per share) and $15 million ($9.479 per share) for the years ended December 31, 2021, 2020 and 2019, respectively.

(3) Payments of $85 million, $83 million and $38 million were made in 2021, 2020 and 2019, respectively. The stock purchase contract liability was $44 million and $129 million at December 31, 2021 and 2020, respectively.